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Dragados to exit Rs 14 bn port project

Dragados to exit Rs 14 bn port project

Spanish logistics firm Dragados reportedly wants to offload its 24 percent stake in a joint venture with Gammon Infrastructure Projects for setting up the Rs 1,400-crore Indira Container Terminal at Mumbai Port. Both the firms jointly bagged the project in 2007. The Indira container terminal at Mumbai Port is an equal joint venture between Gammon Infrastructure and Spain-based Dragados

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Study shows decline in staff strength across major ports

Study shows decline in staff strength across major ports

A study by industry body Assocham shows that major ports witnessed over 33 percent decline in its staff strength between 2001 and 2010. During these ten years, the total number of employees in different cadres came down from more than 83,700 to nearly 55,400 at 12 major ports, the stud

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